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Goldfish are very hardy fish, which is why they have been in the pet trade for so long. They are generalist feeders and can tolerate a wide range of oxygen concentrations as well as high levels of nitrogen (due to waste buildup in a small fish bowl) . Based on this, goldfish ____________________.
Permanent/Temporary
Categories of accounts in accounting, where permanent accounts have balances that are carried over into future periods, while temporary accounts are closed at the end of each accounting period.
Normal Balance
The side (debit or credit) of an account that is usually increased, indicative of the account type's nature in the accounting equation.
Financial Statement(s)
Reports that provide comprehensive information about a company's financial health, operations, and cash flows over a defined period, serving as a basis for financial analysis.
Permanent/Temporary
Describes the nature of employment or accounting entries; permanent implies longevity or continuity, whereas temporary indicates a limited duration or interim status.
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